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Ownership Breakdown

The following graphic sets forth the ownership breakdown of GOL as of July 31, 2018.

ON PN
Common Shares % Preferred Shares % Total %*
Fundo de Investimento em Participações Volluto 2,863,682,150 100.00% 130,953,776 49.05% 2,994,635,926 61.01%
Delta Airlines - - 32,926,025 12.33% 32,926,025 9.44%
Other 560 0.00% 103,067,963 38.15% 103,067,979 29.55%
Treasury Shares - - 6,390 0.00% 6,390 0.00%
Total 2,863,682,710 100.00% 266,954,154 100.00% 3,130,636,864 100.00%

*Considering the conversion standard: 1 preferred share = 35 common shares.